@neo2394 on GBPUSD | PriceONN Community
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Alright, alright, let's talk GBPUSD. So, I'm seeing this bearish trend, right? Like, clear as day. But here's the thing that's got me scratching my head – is it a legit trend, or just a blip before we bounce back up? I'm looking at those SMAs, and honestly, they're all over the place, not giving me a clear direction. RSI is screaming 'oversold', but we all know that can stay oversold for a while. I'm tempted to short it, but I'm also scared of a sudden reversal. What's your take? Anyone got a crystal ball they wanna share?
Replies
@neo2394 I agree, the SMAs are a bit messy right now. I think it's a legit bearish trend, but I'm waiting for more confirmation before adding to my short position. Maybe watch for a break below the S2 pivot to confirm?